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Cerro Resources NL (ASX:CJO,TSXV:CJO) announced an initial inferred mineral resource for its Mt. Philp haematite iron prospect.
Cerro Resources NL (ASX:CJO,TSXV:CJO) announced an initial inferred mineral resource for its Mt. Philp haematite iron prospect.
As quoted in the press release,
The deposit occurs as a single north-northeast trending iron rich stratigraphic unit that extends over 4 kilometres within the Proterozoic Corella Formation that grades from Haematitic Quartzite through Banded Siliceous Ironstone and Siliceous Ironstone into massive Haematitic Ironstone. The ironstone is generally fine to medium grained with increasing grainsize related to haematite content. Remobilization of haematite with coarse recrystallization is evident in the vicinity of some shears.
Click here for the Cerro Resources NL (ASX:CJO,TSXV:CJO) press release.
